Main Plaza/Hollywood 20 sells for $18.1 million

A local investment group with ties to PGA golfer Greg Norman acquired the Main Plaza/Hollywood 20 complex in downtown Sarasota for $18.1 million, with an aim of reviving the aging office and retail center.

The group, comprising of entrepreneurs Jesse Biter, Eric Baird and David Chessler, say they have no set plans for the property. The deal closed Thursday.

The 8.6-acre site, anchored by Regal Cinema's Hollywood 20 theater, a YMCA branch, Ker's Wing House and others, had been owned since 2005 by Connecticut-based Paragon Realty Group LLC. Paragon paid $40 million for the 1991 Main St. property.